Openpay delivers continued strong growth in core business whilst setting the strategic foundations for step-change growth in the US and UK (target US launch in early October 2021)
Key Highlights
- Strong growth delivered across the following leading indicators in Q4 FY21:
– Active Plans hit 2.0m, up 141%, vs pcp (prior comparable period: June 20)
– Active Customers of 541k up 69% relative to pcp with 51% of Active Customers from UK, even before anticipated customer injection from Payment Assist acquisition
– Highest-ever 84% of new plans from Repeat Customers, 53% of Active Customers with multiple plans
– Active Merchants of 3.8k up 77% relative to pcp – the highest increase of new Active Merchants number on record
– Maintained strong volume growth dynamic, with an increase in TTV, up 46% vs pcp to $92m, even before adding significant Payment Assist transaction volumes
- Opy USA going live in the world’s largest developed BNPL market in early October 2021, anchored by integration with large wholesale merchant aggregators and key strategic partnerships in our preferred core verticals of Healthcare, Automotive and Home Improvement
- Payment Assist acquisition will further accelerate UK growth and entrench Openpay’s position as a global leader in the BNPL Automotive vertical
- Significant platform partnerships signed with global and local ecommerce providers, including Adobe, Quest Payment Systems, One Step Checkout, Shopwired, Aero Commerce and Apparel 21 to drive future…
